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Compliance, Financial Crime, Regulatory

LATEST: CEO of Swedish lender SEB blasts ‘regulatory tsunami’ in fighting FinCrime, criticises ‘lacklustre’ results from spending ‘tens of billions’ on AML

By Elizabeth Hearst for AMLi

The Chief Executive of one of Sweden’s biggest lenders, SEB, has criticised the “regulatory tsunami” experienced by banks tasked with fighting FinCrime. 

Johan Torgeby said that we are “spending tens of billions in the financial industry”, but criticised the results as “pretty lacklustre”. 

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